500,000 Shares in Axalta Coating Systems Ltd. $AXTA Bought by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC purchased a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA) in the second quarter, HoldingsChannel.com reports. The fund purchased 500,000 shares of the specialty chemicals company’s stock, valued at approximately $17,110,000.

Several other institutional investors and hedge funds have also bought and sold shares of AXTA. Principal Securities Inc. grew its stake in Axalta Coating Systems by 7.5% during the fourth quarter. Principal Securities Inc. now owns 7,292 shares of the specialty chemicals company’s stock worth $236,000 after buying an additional 511 shares in the last quarter. IFP Advisors Inc increased its holdings in Axalta Coating Systems by 65.9% in the 4th quarter. IFP Advisors Inc now owns 1,453 shares of the specialty chemicals company’s stock valued at $47,000 after buying an additional 577 shares during the period. Covestor Ltd raised its position in shares of Axalta Coating Systems by 197.7% in the 4th quarter. Covestor Ltd now owns 908 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 603 shares in the last quarter. Allworth Financial LP raised its position in shares of Axalta Coating Systems by 31.9% in the 4th quarter. Allworth Financial LP now owns 3,173 shares of the specialty chemicals company’s stock valued at $103,000 after buying an additional 768 shares in the last quarter. Finally, State of Michigan Retirement System lifted its holdings in shares of Axalta Coating Systems by 2.0% during the 1st quarter. State of Michigan Retirement System now owns 51,400 shares of the specialty chemicals company’s stock worth $1,424,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 98.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AXTA. Royal Bank Of Canada increased their price target on shares of Axalta Coating Systems from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 8th. Mizuho boosted their price objective on shares of Axalta Coating Systems from $32.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Wall Street Zen cut Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 10th. BMO Capital Markets upped their target price on Axalta Coating Systems from $35.00 to $39.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 29th. Finally, The Goldman Sachs Group set a $36.00 target price on Axalta Coating Systems in a report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $36.00.

Axalta Coating Systems Stock Up 0.3%

AXTA stock opened at $36.72 on Friday. The stock has a market capitalization of $7.86 billion, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 1.81 and a beta of 1.24. The company has a current ratio of 1.53, a quick ratio of 1.12 and a debt-to-equity ratio of 0.99. Axalta Coating Systems Ltd. has a 12 month low of $24.94 and a 12 month high of $38.61. The firm has a 50-day moving average price of $34.91 and a 200-day moving average price of $31.74.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.07. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. Axalta Coating Systems had a net margin of 6.78% and a return on equity of 22.35%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 EPS. Axalta Coating Systems has set its FY 2026 guidance at 2.550-2.700 EPS and its Q3 2026 guidance at 0.700-0.700 EPS. As a group, equities research analysts anticipate that Axalta Coating Systems Ltd. will post 2.63 EPS for the current fiscal year.

About Axalta Coating Systems

Axalta Coating Systems is a global leader in the development, manufacture and sale of liquid and powder coatings. The company’s product portfolio spans refinish coatings for the automotive collision repair market, original equipment manufacturer (OEM) coatings for new vehicle production, and industrial coatings including electrodeposition (E-coat) and powder coatings for a variety of sectors such as architecture, heavy equipment and general industrial applications.

Tracing its roots to the 19th century and rebranded as Axalta following its separation from DuPont Performance Coatings in 2013, the company has built a presence in more than 100 countries.